Exchange Companies Association of Pakistan Chairman Malik Bostan predicted that the dollar price will fall below Rs 250.
In light of the stability of the dollar and the important role of Field Marshal Asim Munir against the Hawala Hundi network, the price may fall below Rs 250.
The Chairman of the Exchange Companies Association predicted in light of the current situation, and said that if the situation remains like this, the value of the dollar may fall below Rs 250 in the coming days. Malik Bostan warned against the State Bank’s decision to end the ‘PRI’ remittance scheme, saying that due to the Pakistan Remittance Initiative Scheme, remittances increased from $9 billion to $41 billion, and due to this, foreign exchange reserves stabilized.
He said that the government did not charge any fees on remittance transactions, while the government paid $50 per transaction to foreign exchange companies from the national treasury. Malik Bostan said that due to government incentives, the volume of remittances increased to $209 billion in 2025. He said that the IMF imposed a condition to end the PRI scheme last year, in view of which orders have been issued to end the PRI scheme this year.
Malik Bostan said that if the government had made some reforms in this regard, the remittances would have continued, but if fees are imposed on remittances, there is a risk of a decrease in remittances. He said that after the scheme ends, it is hoped that remittances will remain stable because 15 million Pakistanis work abroad.
Malik Bostan said that Field Marshal Asim Munir has an important role in stabilizing the dollar and fighting the Hawala Hundi network, and the value of the dollar may fall below Rs 250 in the coming days.
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